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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Jun. 5, 2013, 6:54 AM
    Amazon (AMZN) launches an e-commerce marketplace in India to allow third parties to list their products to sell. Initially, the site will sell books and DVDs before settling into offering a full array of products including electronics, gadgets, and cameras.
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  • Jun. 4, 2013, 5:19 PM
    Amazon (AMZN) paid $200M+ for its Viacom (VIA) streaming deal, Reuters reports. The news service adds the deal will run for more than two years and features "a deeper library of content" than what Viacom provided Netflix (NFLX). The deal is said to be Amazon's largest ever, though it should be noted the Epix deal's price tag could grow thanks to milestone payments. Regardless, Reuters' figure backs up Reed Hastings' April remarks about Amazon and Hulu "bidding more aggressively" for content. Netflix's Q1 EPS beat had much to do with margin improvements stemming from slowing content cost growth (liabilities up only $100M Q/Q to $5.7B).
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  • Jun. 4, 2013, 2:38 PM
    Amazon (AMZN -1%) roundup: 1) Amazon is set to expand its AmazonFresh grocery delivery business, in trial mode in Seattle for 5 years, to Los Angeles "as early as this week" and San Francisco later this year, Reuters reports. An industry consultant claims Amazon, long expected to expand its grocery ops to areas where sales tax is no longer a concern, is targeting up to 40 markets. Grocery chains (SWY, KR, SVU, WFM, TFM) can't be thrilled, particularly given Amazon's pricing history. 2) eMarketer estimates Amazon generated $610M in ad sales last year, and will produce $835M this year. A targeted ad network could fuel additional growth for the business, increasingly seen as a threat to Google (GOOG).
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  • Jun. 4, 2013, 11:12 AM
    IBM paid ~$2B to acquire SoftLayer, Bloomberg and the NYT report. GigaOm notes the startup "could help bring order" to the "extremely messy legacy code" behind IBM's Smart Cloud offerings. An IBM exec claims SoftLayer provides needed expertise for supporting private and hybrid clouds, as IBM offers value-added software/services on top of basic infrastructure offerings. Will IBM/SoftLayer pose a challenge to Amazon Web Services (AMZN)? Like AWS, SoftLayer claims many Web/cloud firms as clients, and its support for hybrid server environments is a selling point. But it remains to be seen if IBM will match AWS' aggressive pricing. The purchase comes as IBM protests a $600M deal Amazon scored with the CIA.
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  • Jun. 4, 2013, 9:30 AM
    Amazon (AMZN) scores a multi-year deal with Viacom (VIA) for many of the TV shows Netflix (NFLX -1.2%) lost last month, and boasts some of the content will be exclusive. "Hundreds of TV shows and thousands of TV episodes" from Viacom, including popular kids' shows such as Dora the Explorer, Blues Clues, and Spongebob Squarepants, are being added to Prime Instant Video, with British/German Lovefilm subs getting access to some of them this summer. Some of the content will also be added to the kids-specific Kindle FreeTime Unlimited service. (Amazon/Epix deal) (Downton Abbey exclusive) (original shows)
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  • Jun. 3, 2013, 10:53 AM
    900 of Amazon's (AMZN -1.6%) German logistics center workers are carrying out a day-long strike for third time in the last three weeks. The strike, which affects about 1/10 of Amazon's German workforce, revolves around demands for higher regular and night shift pay, and demands for a collective bargaining agreement giving the same employment conditions provided by other mail order/retail firms. (previous)
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  • May. 31, 2013, 12:34 PM
    Amazon (AMZN +1.4%) outperforms after Cleveland Research starts coverage with a Buy. Shares are set to record a 7% gain for May, but have still largely gone sideways since late January, following a giant 2012 run-up.
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  • May. 29, 2013, 10:12 AM
    Amazon (AMZN) roundup: 1) Looking to counter Netflix's original programming push, Amazon says it will produce 5 of the 14 original shows it agreed to pilots for. The shows include political comedy Alpha House (features John Goodman), startup comedy Betas, and kids robot show Annebots. The first season of Alpha House (13 episodes counting the pilot) will air in November. 2) Amazon is creating a sign-in service for 3rd-party sites/apps/games. The goal is to both keep users logged in to Amazon, and to gain valuable activity data that can be used to push/personalize products and content. But Facebook and Google have major head-starts here.
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  • May. 29, 2013, 9:13 AM
    Amazon (AMZN) will launch sales of Kindle e-readers and tablets in China on June 7, according to Sina Tech. Though the market in China is gigantic, Amazon comes to the party late amid serious competition from domestic players. AMZN -0.5% premarket.
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  • May. 28, 2013, 10:58 AM
    Amazon (AMZN +3.3%), eBay (EBAY +2.4%), and Overstock (OSTK +5.1%) outperform after May's consumer confidence print comes in at 76.1, well above a consensus of 71.5. Amazon and eBay rallied 11 days ago in response to strong mid-May consumer sentiment data.
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  • May. 27, 2013, 5:15 AM
    Amazon (AMZN) workers at its logistic center in Leipzig in Germany were due to go on strike today in a dispute over pay and benefits. The action follows strikes at the online retailer's facilities in Bad Hersfeld earlier this month, as well as in Leipzig. The workers' union wants Amazon to implement a collective agreement similar to contracts at other mail order and retail companies.
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  • May. 25, 2013, 4:15 PM
    Apple's (AAPL) effective tax rate of 14% is just a smidgin lower than IBM at 15% and Google (GOOG) at 17%. And Apple's hardly on the lowest rung: Amazon's (AMZN) rate is just 6%, Ford's (F) 3%, and Carnival's (CCL) just 1%. In trying to untangle what S&P 500 companies pay in taxes, David Leonhardt finds top executives are exceptionally shrewd at holding tax rates down. (infographic)
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  • May. 22, 2013, 9:22 AM
    Amazon (AMZN) introduces a new publishing platform that will let writers use characters from existing works of licensed fiction to publish new stories and make them available for purchase in the Kindle store. The author-AMZN split will be 35%-65% for works of 10K words or more.
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  • May. 21, 2013, 7:39 PM
    Amazon's (AMZN) ad ambitions pose a threat to Google (GOOG), thinks ReadWrite's Derek Brown. In addition to Amazon's vision/ambition, obsession with customer satisfaction, and willingness to forgo near-term profits, the e-commerce giant's mountains of consumer purchase data stand to give it an edge as it pushes ads on its sites, on Kindles, and through a targeted display ad network. Moreover, Amazon could provide customers/partners with "relevant online transaction activity that might follow [its ads], effectively offering a closed loop marketing environment unlike any other." Of course, Google isn't standing still either.
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  • May. 21, 2013, 7:07 PM
    VMware (VMW, EMC) officially launches its vCloud Hybrid Service, which allows clients to pair on-premise workloads with a VMware-run public cloud infrastructure. VMware claims the service supports more than 90 OS', has high-availability options, and allows public and on-premise workloads to be jointly managed. VMware also says it will offer SAP software, including Hana, "as a subscription service on premise and in the cloud." vCloud Hybrid competes with Amazon Web Services, Microsoft's Azure (perhaps the most direct rival), and Rackspace's OpenStack offerings. ITWorld calls it "ideal for a significant set of enterprise applications," but adds it's "no Amazon killer," given AWS' focus on low cost and ease-of-use.
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  • May. 21, 2013, 10:27 AM
    Amazon Web Services (AMZN) obtains FedRAMP accreditation, a security certification that should make it easier for state, local, and federal agencies to migrate workloads onto the cloud infrastructure platform. The credential has been granted two months after a report claimed AWS has won a 10-year, $600M deal from the CIA to build a private cloud for it.
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Company Description
Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offerselectronic devices like Kindle e-readers and Fire tablets.
Sector: Technology
Country: United States